Down Payment Calculator

Commissions and GST.British Columbia uses a tiered real estate commission split — a higher rate on the first $100,000 of the sale price and a lower rate on the remainder, with separate tiers for the seller’s agent and the buyer’s agent. GST of 5% applies on top of the commission, not on the sale price itself. The numbers here use standard rates; actual splits are often negotiated, so your broker may be able to give you a tighter figure once a listing is firm.

Property Transfer Tax.BC charges Property Transfer Tax on the purchase price in a tiered structure: 1% on the first $200,000, 2% from $200,000 to $2 million, 3% from $2 million to $3 million, and 5% on anything over $3 million. This calculator assumes you’re selling one home and buying another, so it doesn’t apply the first-time buyer exemption or the newly-built home exemption. If either applies to you, your actual PTT may be lower — mention it to your broker.

What this calculator doesn’t include. Moving costs, strata move-in fees, utility setup, lender fees for the new mortgage, property inspections, and any side arrangements between buyer and seller. The goal here is clarity on the down payment — not a full closing budget. For a deeper read on mortgage penalty math, see our complete guide to mortgage penalties in BC.

This is an educational estimate, not a quote. The number that matters is the gap — between what you have and what you need — not the exact dollars. Before you commit to a purchase price or a target down payment, talk to a broker who can build the real numbers with you.